Company News

An important announcement about ESMA rules

2018-07-27

Dear Valued Client,

We recently wrote to notify you about the forthcoming ESMA changes that will take place at the end of this month.

The latest ESMA changes dramatically affect margin requirements, increasing them by up to 20 times for some products. Accordingly, we would like to inform you that in any case you do not take any action further to our previous email notification, the new margin requirements impossed by ESMA will be applied to new positions opened on or after the 29th July and the liquidation level on your account will increase to 50%. Please note that your existing positions will not be affected.

We strongly recommend that you visit our dedicated page, which explains in detail the ESMA measures and also provides real-life examples, in order to understand the impact on your trading. Specifically, stop out levels on will change from 20% before 1st of August to 50%

The margin requirements on all instruments (applicable for Retail clients only) will change as follows:

Financial Instruments
Max Leverage

Forex Majors

1:30

Forex Non Majors

1:20

Gold

1:20

Indices

1:20

Silver

1:10

Commodities

1:10

Non Major Indices

1:10

Energy

1:10

Client’s options to maintain current leverage for new positions?

1- In order to avoid the upcoming leverage caps you can open an account with our new subsidiary, Orbex Limited in Saint Vincent and Grenadines. Your account will no longer fall under Cyprus jurisdiction, and accordingly not under CySEC regulations and therefore will not be subject to ESMA restrictions but it will still be maintained and held under a company you trust, this solution we are offering to our clients based on commitment to serve traders responsibly.

How to open a new account with Orbex Limited in Saint Vincent and the Grenadines?

Click here to complete a short form, agree to the terms and request your new account. Where possible you will be sent new trading account details and login details for the client portal without having to submit any further documentation.

Transferring your existing positions to the new Account

You have the option to transfer your existing positions from your account with Orbex Limited -Cyprus to your new account with Orbex Limited in St. Vincent and the Grenadines. We will close your positions at your open price and reopen them at the same price. Where applicable, swaps charges will be incurred. If you don’t want to move your positions, just don’t tick the box on the form.

2- In case the client wishes not to open a new account as per option 1 above, his existing account with the Company (Orbex Limited - Cyprus) will accordingly be subject to ESMA new measures on CFDs, the current open trades will be set to ‘close only due to the changes in the requirements of trades based on the new measures. and in order to make new trades, please use the new set of symbols ending with x and # (e.g. EURUSDx,GBPUSD# ) available on the trading platform,

The client should ensure that there is available margin in his account in order to execute any new trades based on the margin requirements for example:

The account you have with Orbex Limited – Cyprus will remain open and any existing positions on COB 31th July will be set to ‘close only’. These positions will not be subject to the margin requirement changes but the liquidation level on your account will increase to 50%. This account will also benefit from the other product intervention measures such as negative balance protection. The new sub-account to be created upon your request for the new trades will be subject to the product intervention measures.

If you have any questions please contact our Customer Support at +35725588855 or [email protected]

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License, Authorization and Regulation:

License :

Orbex LIMITED (HE 258884) is a fully licensed and Regulated Cyprus Investment Firm (CIF) governed and supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number 124/10). Orbex LIMITED is licensed to provide Investment Services (Reception and Transmission, Execution and Dealing on own account) and Ancillary Services.

Risk Warning :

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.